The firm of innovative financing

Results for First Two Quarters of
Fiscal 2024, ending September 30, 2024

May 2024
FinTech Global Incorporated
TSE Standard Market Stock Code: 8789
https://www.fgi.co.jp/en/• FinTech, in katakana script and English letters (registration 5113746), FinTech Global, in English letters (registration 5811521) andin katakana script (registration 5811522), and FGI (registration 5113748) are registered trademarks of FinTech Global Incorporated.

IndexSummary ・・・・・・・・・・・・・・・・・・・・・・・・・ 2
Consolidated Performance・・・・・・・・・・・・・・・・・・3
Revisions to Consolidated Performance Forecast・・・・・・・・・4
Quarterly Changes in Consolidated Performance ・・・・・・・・・5
Business Summary by Segment・・・・・・・・・・・・・・・・ 6
Investment Banking Business ・・・・・・・・・・・・・・・・ 8
Public Management Business ・・・・・・・・・・・・・・・・ 12Entertainment Service Business ・・・・・・・・・・・・・・・13
Financial Statements ・・・・・・・・・・・・・・・・・・・・16
Repurchase of Own Shares・・・・・・・・・・・・・・・・・・19
Changes in Key Financial Data・・・・・・・・・・ ・・・・・・20
Corporate Data ・・・・・・・・・・・・・・・・・・・・・・ 21

Copyright© FinTech Global Incorporated

1

Summary
Investment banking business, especially services related to business succession, continued to grow,fueling steady increases in revenues and income. Upwardly revised full-year performance forecast.
Demand for business succession solution services remained high• Formation of new business succession projects and investment exits shifted into high gear.
• Investment into acquisition fund to facilitate business succession projects totaled ¥33.0 billion over first two quarters.
Already at 246% of full-year amount in previous fiscal year.

Balance of assets under management reached ¥151.9 billion, up 13.3% from the end of the first quarter• Increase in balance of assets under management reflects management of assets invested in residences by overseas
institutional investors.

Favorable aircraft asset management activity continued, with revenues jumping 32.5%
Metsä guest count decreased but higher spending per guest and lower costs led to improvement in loss
position• Guest count was down 5.3% compared with corresponding first two-quarter total a year ago, but extended time spent
on site to enjoy evening events and a review in prices translated into higher spending per guest.
• Segment revenues were on a year-on-year par. Progress in reducing costs contributed to a lighter shade of operatingred.
• Began upgrades to existing facilities through new investment as well as introduction of new permanent contents.

Upwardly revised full-year performance forecast• Driven by favorable demand for business succession solution services, upwardly revised revenues by ¥1.4 billion,
operating income by ¥400 million, ordinary income by ¥400 million and profit attributable to owners of the parent by¥200 million.

Repurchased treasury shares in second quarter, and set new parameters on May 10 for repurchase• Repurchased treasury stock worth ¥150 million in second quarter.
• Set new acquisition parameters with upper limits of 1,650,000 shares and ¥150 million.
Copyright© FinTech Global Incorporated

2

Consolidated Performance(Millions of yen)

Fiscal 2023
First Two
Quarters

Fiscal 2024
First Two
Quarters

YOY Change(Amount)

YOY Change(Percentage)

Revenues

4,530

6,555

+2,024+44.7%

Gross profit

2,381

3,868

+1,487+62.4%

Operating income

645

1,646

+1,000+154.9%Ordinary profit

628

1,588

+959

+152.7%

Profit attributableto owners of the parent

477

1,117

+640

+134.1%

EBITDA880

1,888+1,008+114.5%

EPS (yen）

2.37

5.56

+3.19

－

ROE

14.0%

25.5%

+11.6 pt－

EBITDA: Operating income + Depreciation costs and amortization of goodwill included in cost of revenue and selling, general and administrative expenses
ROE (annualized): Calculated by multiplying quarterly profit attributable to owners of the parent by two

Revenues

Solid increase in revenues, reflecting favorable demand for business succession solution services.
All other investment banking business services also generated higher revenues.

Gross profit

Gross profit was up as well, underpinned by increase in revenues from investment banking business services
with high gross profit margin.

Operating income

Despite 28.0% year-on-year increase in selling, general and administrative expenses, mainly due to higher
personnel costs and payment fees, the rise in gross profit buoyed operating income, ordinary profit and profit
attributable to owners of the parent.
Copyright© FinTech Global Incorporated

3

Revisions to Consolidated Performance Forecast (Announced May 10, 2024)

Upwardly revised full-year performance forecast given brisk progress on business succession projects(Millions of yen)

Fiscal 2024
Fiscal 2024
RevisedInitial Forecast
Forecast

YOY Change YOY Change
AmountPercentage

Fiscal 2024
First TwoFirst Two
Fiscal 2023
Quarters
Quarters Progress toward
ActualRevised
Forecast
ActualRevenues

10,00011,400+1,400+14.0%

6,555

57.5%

9,302

Operating income

1,800

2,200

+400

+22.2%

1,646

74.8%

1,343

Ordinary profit

1,600

2,000

+400

+25.0%

1,588

79.4%

1,277

Profit attributableto owners of the parent

1,200

1,400

+200

+16.7%

1,117

79.8%

1,603

Performance forecasts and other forward-looking statements are based on certain reasonable assumptions and information currently available
to management of the Company. A number of factors could cause actual results to differ greatly from stated expectations.

Copyright© FinTech Global Incorporated

4

Quarterly Changes in Consolidated Performance(Millions of yen)

Fiscal 2023

Revenues

Gross profit

Q1

Q2

First Two
Quarters

Q3

Q4

Full year

Q1

Q2

2,716

1,814

4,530

2,380

2,391

9,302

3,434

3,120

1,597

Operating income(loss)

720

Ordinary profit(loss)

699

Profit/(loss)
attributable toowners of theparent503

EBITDA

836

783

(74)

(71)

(25)

44

2,381

645

628

477

880

1,457

496

456

304

612

YOY Q2YOY Q2YTDFirst Two ¥ change
Quarters % change¥ change% change

1,306

2,024

72.0%

44.7%

981

1,487

125.3%

62.4%

744

1,000

－

154.9%

705

959

－

152.7%

554

640

－

134.1%

749

1,008

1,698.2%

114.5%

Fiscal 2024

1,272

201

192

821

318

5,111

2,102

1,343

976

1,277

953

1,603

1,811

589

1,095

1,765

670

634

528

793

6,555

3,868

1,646

1,588

1,117

1,888

Note: EBITDA is calculated by returning depreciation costs and amortization of goodwill included in cost of revenue and selling, general and administrative
expenses back to segment income/(loss).

Copyright© FinTech Global Incorporated

5

Business Summary by Segment (1)•Investment banking business marked favorable shift in all services, especially business succession solution services. Segment revenues leaped 61.9%, to ¥5,316
million. Selling, general and administrative expenses grew 29.6%, to ¥1,305 million, but segment income still soared 89.0%, to ¥2,254 million.
Public management consulting business capitalized on increase in demand for public facilities management support services, posting higher revenues. Was able toreverse out of loss position into black.
In entertainment service business, progress on shift toward profit structure based on cost reduction underpinned improvement in gross profit.
(Millions of yen)••

Fiscal 2023
Reporting Segments

Investment Banking
Business

Public Management
Consulting BusinessEntertainment Service
Business

First twoquarters

Q1

Q2

Revenue

1,989

1,295

Gross Profit

1,446

Segment income
Revenue

Fiscal 2024

Q3

Q4Full year

3,284

1,796

1,837

753

2,200

1,340

933

259

1,193

90

92

182

First twoquarters

YOY Q2changeYOY Q2
YTD
change

Q1

Q2

6,919

2,673

2,642

5,316

1,347

2,031

1,200

4,742

1,857

1,703

3,560

949

1,359

755

555

2,504

1,191

1,063

2,254

803

1,061

65

119

367

119

119

238

27

55

Gross Profit

48

46

95

41

74

211

73

75

148

28

53

Segment income/(loss)

(7)

(10)

(17)

(24)

7

(34)

5

6

12

16

30

Revenue

713

498

1,211

584

515

2,311

713

494

1,208

(3)

(3)

Gross Profit

134

13

148

110

46

305

210

52

262

38

114

Segment income/(loss)

(18)

(140)

(158)

(66)

(139)

(364)

1

(143)

(142)

(3)

16

Revenue

(77)

(71)

(148)

(65)

(81)

(296)

(71)

(136)

(208)

(65)

(59)

Gross Profit

(32)

(30)

(62)

(35)

(49)

(147)

(37)

(65)

(103)

(34)

(40)

Segment income/(loss)

(187)

(183)

(371)

(168)

(223)

(762)

(222)

(255)

(478)

(71)

(107)

RevenueAmount Booked on
Consolidated Statement
Gross Profit
of IncomeOperating income/(loss)

2,716

1,814

4,530

2,380

2,391

9,302

3,434

3,120

6,555

1,306

2,024

1,597

783

2,381

1,457

1,272

5,111

2,102

1,765

3,868

981

1,487

720

(74)

645

496

201

1,343

976

670

1,646

744

1,000

Adjustment（Elimination oftransactions among
segments and corporate
expenses）

Eighthwave of
COVID-19

Related issues
RBJ excluded
from scope of
consolidation

1.
2.

Revenue for each segment includes intersegment revenue and transfers.
The ¥(478) million operating income for the first two quarters of fiscal 2024, under adjustment, includes intersegment elimination (¥156 million in the first two quarters offiscal 2024) as well as corporate expenses (¥(635) million in the same period) that are not allocated to any reporting segment. Corporate expenses are general andadministrative expenses not associated with any reporting segment, mainly because it is difficult to justifiably allocate such expenses to any particular reporting segment.
Copyright© FinTech Global Incorporated

6

Business Summary by Segment (2)Gross Profit

Revenues(Millions of yen)
8,000(Millions of yen)

3,868

4,000

6,555

4,000

3,000

12
(Public)

3,000

1,211

2,000

95

1,646

2,000

2,381

238

4,530

(Millions of yen)

148 262

1,208

6,000

Operating Income

148

1,000

3,560

182

645

(Public)

5,316
2,000

1,000

(17)

2,200

0

3,284

(158)
(148)

(208)

(62)

2023/9Q2 YTDUp
million,or 12.5%
Up¥252¥2,024
million,or 44.7%△ 2,000-1,000

(371)

(478)

2023/9Q2 YTD2024/9Q2 YTD(1,000)2023/9Q2 YTD2024/9Q2 YTD

(142)

(103)

0

0

2,254

1,193

2024/9Q2 YTDUp ¥1,487 million, or 62.4%

Up ¥1,000 million, or 154.9%

Note: Segment breakdown uses non-eliminated values.
Investment
Banking Business

Public Management
Entertainment Service Business
Copyright© FinTech Global Incorporated
Consulting BusinessCorporate expenses andeliminated transactions

7

Investment Banking Business—Revenues and gross profit by service
Brisk formation of business succession projects and favorable demand for aircraft asset management underpinned 61.9% increase in segment
sales and 61.8% increase in gross profit• Arrangement transaction services: Higher revenues, buoyed by upfront fees on various arrangements as well as management fees and performancefees during term.
• Private equity investment: Brisk progress in exit activity from acquisition fund investments, with some generating fee income on the books. Expect torecognize investment income in third quarter onward. Gross profit decreased due to impairment losses on start-up investment and other investment
categories.
• Asset investment: Increase in sale of small-lot products utilizing real estate trust beneficiary rights. Also increase in revenue from aircraft operatinglease and sales activities, which began in second quarter. Gross profit lackluster, reflecting accounting losses incurred on Metsä-related asset exchange
between Group companies.
• Aircraft asset management: Subsidiary SGI enjoyed wider demand for technical services and aircraft registration services. Aircraft remarketing
contracts also up. Subsidiary aviner brokered sales of leased engines owned by investors in Japan to investors overseas. Higher sales and income.

(Millions of yen)
6,000

Revenues

Gross Profit(Millions of yen)
4,000

Other

5,316

21

22

2,200

3,284
858

1,445

171
0

736

180

855
217
568
FY2023Q2 YTD

631

2,000 25

(Metsä Village)

26

70（Asset investment）

521

2,000

Private equity investment (Investment
targets include business succession
products and start-up companies)

1,030

1,915
25

Aircraft asset management(Other)(Other)

4,000

3,560

(Metsä Village)

8
42

1,817

(Asset investment)

843

1,779

543

0

FY2024Q2 YTDUp ¥2,031 million, or 61.9%

FY2023Q2 YTD

FY2024Q2 YTDUp ¥1,359 million, or 61.8%

Copyright© FinTech Global Incorporated

Metsä Village (Includes tenantrental income, parking fees, event
space usage fees)
Asset investment (Includes real estate
sales/rental, aircraft sales/leasing
Arrangement transaction services(Includes arrangements, asset
management, real estate brokerage)

Note: Intersegment transactions use
non-eliminated values.

8Trends in Balance of Investments and Loans

Balance of investments and loans rose 7.7% from end of first quarter, reflecting new investments into businesssuccession projects(Factors of change in second quarter of fiscal 2024)• Principle investment: Steady exit activity but additional increase in new investment opportunities.
Balance at end of second quarter grew ¥447 million over balance at end of first quarter.
Total Investments and Loans (including investments in subsidiaries)(Millions of yen)

Principal investment

8,620

8,397
7,815

7,713

7,796

2,840

2,720

2,788

3,131

128
845

3,235

(includes business succession projects)
Total of operational investment securities, investments insecurities, equity in affiliated companies, and investments
in capital to affiliated companies but excluding investments
into venture capital funds.

Venture capital funds(Investment into two funds.)

Corporate loans

146
314

147
291

124
365

129
509

Total of business loans and short-term loans to subsidiaries.
Does not include receivables provided for in allowance for
doubtful accounts, but all subsidiary loans are booked.

Real estate (Metsä business)

4,515

2023.34,515

2023.64,554

2023.94,517

2023.124,523

2024.3Copyright© FinTech Global Incorporated

Real estate for Metsä. Metsä Village real estate booked underreal estate for sale in progress and real estate for sale.
Moominvalley Park land, while legally transferred to local
special purpose company, is included in this amount because on
an accounting basis it is booked under FGI’s noncurrent assets.

Notes: 1. Total investments and loans compriseamounts for FGI and aviner.
2. Does not include contribution or loans
between FGI, aviner

9Financing for Acquisition Funds to Facilitate Business Succession Projects

Aggregate acquisition fund formation amount ( ≒ investment amount) reached total of ¥33.0 billion in
first two quarters of fiscal 2024, already 246% of full-year total in fiscal 2023.

Acquisition Fund Formation Amount(Millions of yen)

33,05015,1389,406

Q223,643Q1

13,4409,620
1,965
FY2020

FY2021

FY2022

FY2023Copyright© FinTech Global Incorporated

FY2024Q2 YTD10

FinTech Asset Management (FAM)
FGI Capital Partners (FGICP)

Changes in Assets under Management

Balance of assets entrusted for investment into residences grew 27.9% since the end of the first quarter offiscal 2024, on December 31, 2023, to ¥112.1 billion, reflecting new contracts on projects arranged byoverseas investors. Aggregate among under investment management by members of FGI Group hit ¥151.9
billion*, up 13.3% from end of previous quarter.
*The above balance is an aggregate amount comprising assets under investment management and investment advisory contracts with
FAM and investment management contracts with FGICP.

151,918(Millions of yen)

134,111

10,286

17,34029,435

111,777
13,174

83,51065,10913,17812,75924,198

FGICP(Securities, etc.)

29,015FAM

29,044

Other real estate(Real estate, excluding residences)

112,196(Residences)

87,75526,03869,55846,133

26,3112023.3FAM

2023.62023.92023.122024.3Copyright© FinTech Global Incorporated

Notes: 1. Healthcare facilities: Mainly housing
for seniors.
2. The balance of assets undermanagement is calculated on the basisof such factors as recent financial
statements available to FAM and theacquisition cost of real estate.

11

Public Management Consulting Business

Public Management Consulting Corporation (PMC)

Increase in inquiries for support in preparing separate facility plans based on general management plans for public facilities.
Demand also up for services to support preparation of financial documents. Segment achieved 30.6% improvement in revenues andturned a profit.
• Higher demand for services to support separate facility plans that set out maintenance, management and upgrades on a facility basis as
well as plans and research on ways to extend the service life of facilities, restructure and relocate.
• Number of organizations under contract for services to support preparation of financial documents continued to trend upwards, thanks to
demand from large local governments for outsourcing services to prepare financial documents as well as awareness of the FGI Group’s
expertise. Added one client in the ordinance-designated cities and special zones category during the first half of fiscal 2024, and expect
Services to support preparation of financial documents
addition of one prefecture to client base in third quarter.
Number of entities entrusting PMC with preparation

Segment Information
Prefectures

238(Millions of yen)

Revenues

21.3% share

182

7

10

9

8

3
Apr.2020- Mar.2021

Apr.2021- Mar.2022

Apr.2022- Mar.2023

Apr.2023- Mar.2024

Ordinance-designated cities/special wards

12

Segment income (17)(loss)FY2023Q2 YTD

FY2024Q2 YTD7

9

Apr.2020- Mar.2021

Apr.2021- Mar.2022

Copyright© FinTech Global Incorporated

11
Apr.2022- Mar.2023

Apr.2024- Mar.2025

30.2% share

13

Apr.2023- Mar.2024

12

Moomin Monogatari, Ltd.
METSÄ Co., Ltd.

Entertainment Service Business

Number of guests declined, but business saw higher spending per guest because evening events encouraged guests to stay longer
and thus spend more. Marked progress in cost reduction, lightening the loss burden.
• Opened “Winter Wonderland in Moominvalley Park 2023” and “Winter Fireworks in Moominvalley,” which ran from November
2023 through January 2024, and then, from March 2024, promotional activities to celebrate Moominvalley Park’s fifth anniversaryand “Spring Festival 2024.”• Number of guests dropped 5.3% year on year but changes, including trend among guests to stay longer on site to enjoy evening
events and fireworks as well as a revision in prices, led to increase in spending per guest on merchandise and food and beverages.
Revenues dipped 0.3% year on year, stalling at ¥1,208 million.
• Review of outsourcing certain operations as well as price revisions led to 78.3% cost ratio, down 9.5 points. Going forward, will
engage in efforts to promote cost reduction through review of merchandise/food and beverage purchasing as well as efforts targeting
expense reduction, with focus on centralization of offices and use of external online ticket sites.
（Millions of yen）
1,600

（Thousands）
400

Guest count 357
Notes:
1. Guest count is total number of guests
at Metsä Village and Moominvalley
Park.

Revenues

2. Revenues are based on non-eliminatedintersegment transactions.

800

3. EBITDA is calculated by adding
depreciation and amortization of
goodwill included in cost of revenue
and selling, general and administrative
expenses to operating income.

1,211

338

1,208
200

EBITDA 33

46

Segment
income(Loss) (158)

(142)

0

FY2023Q2YTD
Copyright© FinTech Global Incorporated

0

FY2024
Q2YTD

13

Changes in Entertainment Service Business Results (Quarterly)（Thousands of people）(Millions of yen)
2,000

Guest countNotes:
1. Guest count is total of Metsä
Village and Moominvalley Park.
2. Revenues are based on noneliminated intersegment
transactions.
3. EBITDA is calculated by adding
depreciation and amortization of
goodwill included in cost of revenue
and selling, general andadministrative expenses to operating
income.

300

214

209

143

1,000

152

498

77
(43)

0

Segment income(loss)

(18)
(137)
Q1

128

713

713

EBITDA

150

124

Q2

584

25

(66)

Q3
Fiscal 2023

Copyright© FinTech Global Incorporated

515

494

96
(46)
(50)

1
(139)
Q4

0

(143)
Q1

Q2

Fiscal 2024

14

Initiatives at Moominvalley Park
Looking toward Moominvalley Park’s fifth anniversary on March 16, 2024, launched energetic program to enrichcontent and develop crowd-appealing campaigns. Gradually rolled out series of updates to existing facilities andintroduced new permanent content. Plan to enhance tourism/hospitality quality of Metsä Village using idle land
and the lake. Working toward recovery in guest numbers.
Updates and New Facility Content in March 2024
Character Statues

Moominvalley Cinema“Little My Play Spot” was redesigned into Moominvalley Cinema.
Moominvalley Park will be the first place to screen Moomin-themed
animation in Japan.

Installed statues of Moomin characters at various locations within park.
Function as point of contact between guests and characters. Great new spot
for photos.

First showing after theater opening was Finnish animation “Lonely Kunit,”
which beautifully showcased colorful picture book world drawn by Moomin
creator Tove Jansson.

Distribution of promotional video
Produced promotional video“Overflowing with small happinesses”
For TV, TV video distribution, radio(audio only) and other distribution
channels

Installed a swing bench, too.

(Moominvalley Park official YouTube
promotional video (in Japanese)
https://www.youtube.com/watch?v=KCGQn2S1TMY© Moomin Characters TM
Copyright© FinTech Global Incorporated

15

Consolidated Balance Sheets
AssetsCurrent assets
1 Cash and time deposits
Accounts receivable, trade, and2 contract assets

Fiscal 2023

(Thousands of yen)

Fiscal 2024
First Two
Quarters

Change12,477,247
2,918,561

13,533,551
3,176,392

1,056,304
257,831

1,355,231

1,554,144

198,913

Operational investment securities

2,848,142

3,050,888

202,745

Loans receivable, trade
4 Real estate for sale
Merchandise
Other
Allowance for doubtful accounts
Noncurrent assets
5 Property, plant and equipment
Intangible fixed assets
Investments and other assets
Total assets

346,365
4,095,967
160,768
883,381(131,170)
6,646,706
5,530,068
131,260
985,377
19,123,953

339,465
4,608,546
148,341
798,156(142,383)
7,089,788
5,940,150
141,555
1,008,083
20,623,340(6,900)512,578(12,426)(85,224)(11,212)443,082
410,082
10,29422,705
1,499,387

3

1

Increased, as distribution of dividends offset temporary drop caused by investment intoacquisition funds.

2

Notes and accounts receivable – trade, and contract assets decreased in aircraft asset
management but increased overall because of activity in business succession solution services
and public management consulting operations.

3

Despite drop in trust beneficiary rights due to sale of small-lot products, operational
investment securities increased because of new investments into acquisition funds.

4

Increased mainly due to completion of real estate redevelopment projects.

5

Increased due to acquisition of rental assets (helicopters) following start of operating leasebusiness and installation of solar power generation facilities at Metsä.

6

Increased because of loans taken mainly to acquire rental assets (helicopters).

7

Increased due to transfer from long-term debt and new loans to acquire buildings. (One-year
loan repayment extension procedures on loans held by Moomin Monogatari and subsidiary
SPC that owns Moominvalley Park real estate and total ¥5.3 billion, completed.)8

Decreased due to repayment of borrowings by a subsidiary SPC forming small-lot real estate
products.

Liabilities
Current liabilities
Accounts payable, trade
6 Short-term loans payable
Current portion of long-term
7 loans payable
Income taxes payable
Lease obligations
Accrued employee bonuses
Other
Noncurrent liabilities
8 Long-term loans payable
Lease obligations
Deferred tax liabilities
Net defined benefit liability
Other
Total liabilities

Fiscal 2024
Fiscal 2023 First Two
Quarters

Change7,880,663
308,710
77,954

8,713,307
363,859
690,972

832,644
55,149613,018

6,082,038

6,207,054

125,015

125,884
149,086
257,626
879,363
1,849,970
1,290,817
50,723
97,175
126,297
284,955
9,730,633

248,638
122,754
36,097 (112,989)
253,835(3,790)912,851
33,487
1,573,463 (276,507)
1,010,509 (280,308)
34,112 (16,610)
96,073(1,102)
139,338
13,040293,429
8,473
10,286,770
556,137

Net Assets
Shareholders’ equity
Common stock
Additional paid-in capital
Retained earnings
Treasury shares
Accumulated other comprehensive
incomeStock acquisition rights
Non-controlling interests
Total net assets

8,141,924
5,372,574
974,4431,794,907(0)9,104,458
5,373,336
968,6422,912,473(149,993)

962,533761(5,801)
1,117,565(149,992)

150,683

100,027(50,655)

77,299
1,023,412
9,393,319

99,331
1,032,752
10,336,570

22,031
9,339
943,250

Total liabilities and net assets

19,123,953

20,623,340

1,499,387

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Consolidated Statement of Income
Fiscal 2023
First Two Quarters(Thousands of yen)
Ratio toRevenues

Fiscal 2024
First Two Quarters

Ratio toRevenues

YoY Change
AmountYoY Change
Ratio

Revenues

１

4,530,710

100.0%

6,555,685

100.0%

2,024,975

44.7%

Cost of revenues

２2,149,152

47.4%

2,687,048

41.0%

537,89625.0%

2,381,557

52.6%

3,868,636

59.0%

1,487,078

62.4%

1,735,569

38.3%

2,221,985

33.9%

486,415

28.0%

Operating income

645,98814.3%

1,646,651

25.1%

1,000,663

154.9%

Other income

71,852

1.6%

45,451

0.7%(26,401)(36.7)%

Other expenses

89,4602.0%

104,059

1.6%

14,59916.3%

Ordinary profit

628,380

13.9%

1,588,043

24.2%

959,663

152.7%

Extraordinary profit

190,394

4.2%

67,0431.0%(123,351)(64.8)%

Extraordinary loss

32,369

0.7%

―

0.0%

(32,369)(100.0)%

Income before income taxes

786,406

17.4%

1,655,086

25.2%

868,680

110.5%

Income taxes

146,4393.2%

355,968

5.4%

209,529143.1%

Profit639,967

14.1%

1,299,118

19.8%

659,151

103.0%

Profit attributable to non-controlling interests

162,534

3.6%

181,552

2.8%

19,017

11.7%

Profit attributable to owners of parent

477,432

10.5%

1,117,565

17.0%

640,133

134.1%

Gross profit
Selling, general and administrative expenses

３

４

１

Primarily due to increase in revenues from business succession solution services and aircraft asset management services.

２

Metsä-related costs decreased, but cost of selling trust beneficiary rights and sales commissions increased, following higher sales of small-lot real estate products, andoutsourcing costs increased paralleling higher sales at SGI, compounding impairment loss on investment in start-up companies. This led to higher cost of revenues.

３

FGI and FinTech Asset Management revised respective personnel evaluation and compensation system. Will review base salary and various allowances starting with December
2024 allocation. Other Group companies also working to reinforce personnel and number of subsidiaries increasing, leading to higher personnel costs. Payment fees and otherexpenses grew, paralleling business expansion, driving SG&A up 28.0% year on year.

４

Among business succession projects, home remodeling company presenting good synergy potential with FGI Group was turned into subsidiary, leading to booking of ¥66
million in gain on bargain purchase.
Copyright© FinTech Global Incorporated

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Consolidated Statement of Cash Flows
Fiscal 2023
First Two
Quarters

Cash flows from operating activities

Fiscal 2024
First Two
Quarters(Thousands of yen)
Fiscal 2023
First Two
Quarters

Change(194,935)

833,880

1,028,815

Income/(Loss) before income taxes

786,406

1,655,086

868,680

Depreciation and amortization

223,345

229,5466,201Interest expenses

64,97370,751

5,778

Gain on bargain purchase

190,025(66,531)(Increase)/Decrease in accounts receivable, trade(151,812)(Increase)/Decrease in operational investment
securities

Change(163,092)

14,658

177,750(Increase)/Decrease in short-term loans
payable, net

52,500613,018

560,518

Proceeds from long-term loans payable

219,500

424,996

205,496

123,493

Repayments of long-term loans payable(227,465)(580,289)(352,823)(195,357)(43,544)

Purchase of treasury shares－(149,992)(149,992)(782,809)(244,948)

537,861

Dividends paid to non-controlling interests(109,912)(162,920)(53,008)(Increase)/Decrease in loans receivable, trade

18,4006,900(11,500)

Repayments of finance lease obligations(98,001)(129,512)(31,511)(Increase)/Decrease in inventories(46,089)(317,840)(271,750)

Other

286

(640)

(927)

Increase/(Decrease) in accounts payable, trade202,176

55,316(146,860)Interest paid

(64,343)(71,780)(7,437)(3,772)(2,524)

1,247

Income taxes refund (paid)(93,870)(184,101)(90,230)

Other(161,285)(103,161)

58,123(284,165)

242,830

526,995

Cash flows from investing activities

77,634(603,182)(680,817)

2,375,927

2,868,560

492,633

Purchase of property, plant and equipment(57,488)(620,113)(562,625)

Proceeds from purchase of shares of subsidiaries
resulting in change in scope of consolidation(394,532)－

394,532

280,137

61,990(218,146)

Purchase of shares of subsidiaries and associates(137,043)－

138,043

1,697,229

3,111,391

1,414,161(6,971)(45,059)(38,088)

Other

Cash flows from financing activities

Fiscal 2024
First Two
Quarters

Effect of exchange rate change on
cash and cash equivalents
Net increase/(decrease) in cash andcash equivalents
Cash and cash equivalents at the
beginning of the period
Decrease in cash and cash
equivalents resulting from exclusionof subsidiaries from consolidation
Cash and cash equivalents at the endof the period

1

Despite increases — in operational investment securities, due to new investments, in inventories, mainly due to completion of real estate development projects, and inaccounts receivable, trade, reflecting brisk activity in business succession solution services and public management consulting business — income before income taxes
returned FGI to positive cash flow from operating activities.

2

Cash used mainly to purchase rental assets (helicopters) paralleling start of operating lease business, and to install solar power generation facilities at Metsä.

3

Increased, mainly because of loans taken to purchase rental assets (helicopters).

4

Increased, mainly because of new loans to purchase buildings.

5

Decreased, mainly due to repayment of loans taken by subsidiary SPC to form small-lot real estate products.
Copyright© FinTech Global Incorporated

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Repurchase of Own Shares
Decision on May 10 to execute second acquisition of own shares in fiscal 2024
Will repurchase treasury stock to improve capital efficiency, ensure flexible execution of capital policy (including
use in M&As) geared to the business environment, and support incentive plans for the executive team.

RepurchaseperiodMaximum
repurchase

Repurchase concluded (February 10, 2024 decision)

Parameters for repurchase (May 10, 2024 decision)

February 19, 2024 – September 30, 2024

May 13, 2024 – October 31, 2024

Number of shares: 2,500,000(1.24% of total number of shares issued and outstanding(excluding treasury stock))Number of shares: 1,650,000(0.83% of total number of shares issued and outstanding(excluding treasury stock))Amount: ¥150 million

Amount: ¥150 million

Repurchase period: February 19, 2024 – February 21,
2024
Repurchaseresults

1,957,400 shares(0.97% of total number of shares issued and outstanding(excluding treasury stock) )—¥149,992,500

RepurchasemethodMarket purchase on Tokyo Stock Exchange

Market purchase on Tokyo Stock Exchange

Copyright© FinTech Global Incorporated

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Changes in Key Financial Data
Fiscal 2019

Fiscal 2020

Fiscal 2021

Fiscal 2022

Fiscal 2023

First Two
Quarters
Fiscal 2024

Revenues(millions of yen)

9,175

6,841

8,107

9,301

9,302

6,555

Gross profit(millions of yen)

2,944

2,313

3,370

3,990

5,111

3,868

Operating income/(loss)(millions of yen)

(1,664)

(992)

178

587

1,343

1,646

Ordinary profit (loss)(millions of yen)

(1,850)(1,135)

115

540

1,277

1,588

Profit /(loss) attributable to owners of parent (millions of yen)

(1,586)(1,186)

130

176

1,603

1,117

Net assets(millions of yen)

8,873

7,304

7,439

7,842

9,393

10,336

Total assets(millions of yen)

19,025

16,583

16,457

17,933

19,123

20,623

Net assets per share

(yen)

37.03

31.12

31.47

32.72

41.19

46.17

Net income (loss) per share(yen)(8.08)(5.90)

0.65

0.88

7.97

5.56

Diluted net income (loss) per share

(yen)

－

－

0.65

0.87

7.94

5.54

Equity to total asset ratio

(%)

39.1

37.7

38.5

36.7

43.4

44.6

Equity to net income ratio(%)(21.5)(17.3)

2.1

2.7

21.6

－

Price earning ratio (PER)(times)

－

－

86.1

44.6

7.7

－

Cash flow from operating activities(millions of yen)

(2,604)

680

747

(701)

615

833

Cash flow from investing activities(millions of yen)

(4,543)

(282)

(173)

(141)

766

(603)

Cash flow from financing activities(millions of yen)

5,710

(767)

(360)

802

(538)

14

Cash and cash equivalents at the end of the(millions of yen)fiscal year

2,513

2,142

2,379

2,375

2,868

3,111

Number of employees(consolidated)(part-time employees)(employees)

167(262)

156(224)

149(209)

176(144)

153(169)

165(199)

Number of employees(nonconsolidated)(part-time employees)(employees)

39(5)

28(6)

28(4)

30(4)

26(6)

41(7)

Copyright© FinTech Global Incorporated

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Corporate Data: FinTech Global Incorporated

Head office

Meguro Central Square 15th Floor, 3-1-1, Kamiosaki, Shinagawa-ku, Tokyo 141-0021

Establishment

December 7, 1994

Representative

Nobumitsu Tamai, President and Chief Executive Officer

Data of listing

June 8, 2005

Securities Code8789 (TSE Standard Market)

Fiscal year-end

September 30

Main businessI. Investment banking
II. Investment
Ⅲ. Asset management
Ⅳ. Local issue solutions

Number of issued shares

201,321,700 shares

Minimum trading unit

100

Capital stock¥5,373 million(As of March 31, 2024)

Net assets (consolidated)¥10,336 million(As of March 31, 2024)

Number of employees

Consolidated: 165 (As of March 31, 2024, excludes temporary staff)(As of March 31, 2024)•FinTech, in katakana script and English letters (registration 5113746), FinTech Global, in English letters (registration 5811521) and in
katakana script (registration 5811522), and FGI (registration 5113748) are registered trademarks of FinTech Global Incorporated.
Copyright© FinTech Global Incorporated

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The firm of innovative finance

Disclaimer

Certain statements made in these materials, including some management targets, may contain forward-looking statements which reflect
management's views and assumptions. Management targets represent goals that management will strive to achieve through thesuccessful implementation of business strategies for the FGI Group. The Group may not be successful in implementing its businessstrategies, and management may fail to achieve its targets. Management targets and other forward-looking statements involve current
assumptions of future events as well as risks and uncertainties that could significantly affect expected results, including adverse
economic conditions in Japan, the United States or other countries; declining real estate and/or stock prices; additional corporatebankruptcies or additional problems in business sectors to which Group companies lend; difficulties or delays in integrating businesses
and achieving desired cost savings; increased competitive pressures; changes in laws and regulations applicable to the Group’sbusinesses; and adverse changes in Japanese economic policies.
To the extent materials containing forward-looking statements remain in available documents, we have no obligation nor the intent to
update such forward-looking statements.

Copyright© FinTech Global Incorporated

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